II 

118TH CONGRESS 

2D SESSION S. 3895 

To amend the Congressional Budget and Impoundment Control Act of 1974 

to require the Congressional Budget Office to provide an inflation estimate with respect to legislation with a significant impact on the gross 

domestic product of the United States, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 7, 2024 

Mr. MANCHIN (for himself and Mr. TILLIS) introduced the following bill; 

which was read twice and referred to the Committee on the Budget 

A BILL 

To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget 

Office to provide an inflation estimate with respect to 

legislation with a significant impact on the gross domestic product of the United States, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Informed Lawmaking 

5 to Combat Inflation Act’’. 


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1 SEC. 2. LEGISLATIVE MANDATED INFLATION ACCOUNT2 ABILITY AND REFORM. 

3 (a) IN GENERAL.—Part A of title IV of the Congres4 sional Budget and Impoundment Control Act of 1974 (2 

5 U.S.C. 651 et seq.) is amended by adding at the end the 

6 following: 

7 ‘‘MANDATORY INFLATION FORECASTING

8 ‘‘SEC. 407. (a) DEFINITIONS.—In this section— 

9 ‘‘(1) the term ‘Director’ means the Director of the 

10 Congressional Budget Office; and 

11 ‘‘(2) the term ‘major legislation’— 

12 ‘‘(A) means any bill or joint resolution, or 

13 amendment thereto, amendment between the Houses 

14 in relation thereto, or conference report thereon, 

15 that would be projected (in a conventional cost esti16 mate) to cause an annual gross budgetary effect of 

17 at least 0.25 percent of the projected gross domestic 

18 product of the United States; and 

19 ‘‘(B) does not include measure described in sub20 paragraph (A) that— 

21 ‘‘(i) provides for emergency assistance or 

22 relief at the request of any State, local, or Trib23 al government or any official of a State, local, 

24 or Tribal government; or 


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1 ‘‘(ii) is necessary for the national security 

2 or the ratification or implementation of inter3 national treaty obligations. 

4 ‘‘(b) AGENCY ASSISTANCE.—Each department, agen5 cy, establishment, or regulatory agency or commission of 

6 the Federal Government shall provide to the Director such 

7 information and assistance as the Director may reasonably 

8 request to assist the Director in carrying out this section. 

9 ‘‘(c) MANDATORY INFLATION FORECASTING.— 

10 ‘‘(1) SUBMISSION OF BILLS TO THE DIREC11 TOR.—On the date on which an authorizing com12 mittee of the Senate or the House of Representatives 

13 orders reported major legislation, the committee 

14 shall promptly provide the major legislation to the 

15 Director for the purpose of carrying out responsibil16 ities detailed in paragraph (2). 

17 ‘‘(2) MANDATORY REPORTING ON INFLA18 TIONARY FORECASTING.—For any major legislation 

19 provided to the Director under paragraph (1), the 

20 Director shall prepare and submit to the applicable 

21 committee a statement estimating the inflationary 

22 effects of the major legislation, which shall include— 

23 ‘‘(A) both short-term and long-term esti24 mates of the inflationary effects of the major 

25 legislation; and 


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1 ‘‘(B) whether the Director determines that 

2 the major legislation— 

3 ‘‘(i) will have no significant impact on 

4 inflation; 

5 ‘‘(ii) will have quantifiable inflationary 

6 impact on the consumer price index or the 

7 personal consumption expenditure index; or 

8 ‘‘(iii) is likely to have a significant im9 pact on inflation but the amount cannot be 

10 determined at the time the estimate is pre11 pared. 

12 ‘‘(3) AMENDED BILLS AND JOINT RESOLU13 TIONS; CONFERENCE REPORTS.—If a bill or joint 

14 resolution is passed in an amended form (including 

15 if passed by one House as an amendment in the na16 ture of a substitute for the text of a bill or joint res17 olution from the other House) or is reported by a 

18 committee of conference in amended form, and the 

19 amended form constitutes major legislation not pre20 viously considered by either House, the chair of the 

21 committee that reported the bill or joint resolution 

22 or the chair of any other committee designated by 

23 the Speaker of the House of Representatives or the 

24 President pro tempore of the Senate (as the case 

25 may be), or the committee of conference, respecVerDate Sep 11 2014 21:26 Mar 12, 2024 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S3895.IS S3895

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1 tively, shall ensure to the greatest extent practicable 

2 that the Director shall prepare a statement as pro3 vided in paragraph (2) or a supplemental statement 

4 for the bill or joint resolution in that amended form. 

5 ‘‘(d) LEGISLATION SUBJECT TO POINT OF ORDER.— 

6 It shall not be in order in the Senate or the House of 

7 Representatives to consider any major legislation reported 

8 by a committee unless the committee has published a 

9 statement with respect to the major legislation prepared 

10 by the Director in accordance with this section. 

11 ‘‘(e) PROVISIONS RELATING TO THE HOUSE OF REP12 RESENTATIVES.— 

13 ‘‘(1) ENFORCEMENT.—It shall not be in order 

14 in the House of Representatives to consider a rule 

15 or order that waives the application of subsection 

16 (d). 

17 ‘‘(2) DISPOSITION OF POINTS OF ORDER.— 

18 ‘‘(A) APPLICATION TO THE HOUSE OF

19 REPRESENTATIVES.—This paragraph shall 

20 apply only to the House of Representatives. 

21 ‘‘(B) THRESHOLD BURDEN.—In order to 

22 be cognizable by the Chair, a point of order 

23 under subsection (d) or paragraph (1) of this 

24 subsection must specify the precise language on 

25 which it is premised. 


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1 ‘‘(C) QUESTION OF CONSIDERATION.—As 

2 disposition of points of order under subsection 

3 (d) or paragraph (1) of this section, the Chair 

4 shall put the question of consideration with re5 spect to the proposition that is the subject of 

6 the points of order. 

7 ‘‘(D) DEBATE AND INTERVENING MO8 TIONS.—A question of consideration under this 

9 section shall be debatable for 10 minutes by 

10 each Member initiating a point of order and for 

11 10 minutes by an opponent on each point of 

12 order, but shall otherwise be decided without in13 tervening motion except one that the House ad14 journ or that the Committee of the Whole rise, 

15 as the case may be. 

16 ‘‘(E) EFFECT ON AMENDMENT IN ORDER

17 AS ORIGINAL TEXT.—The disposition of the 

18 question of consideration under this subsection 

19 with respect to a bill or joint resolution shall be 

20 considered also to determine the question of 

21 consideration under this subsection with respect 

22 to an amendment made in order as original 

23 text.’’. 

24 (b) CLERICAL AMENDMENT.—The table of contents 

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1 ment Control Act of 1974 is amended by inserting after 

2 the item relating to section 406 the following: 

‘‘Sec. 407. Mandatory inflation forecasting.’’. 

Æ 


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